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Updated: Mar 2

During CES 2019, Verizon announced the Built on 5G Challenge, a nationwide search for solid 5G innovations that could be commercialized using its low latency, high bandwidth millimeter wave 5G network. Today, the carrier announced three winners across the fields of AR, VR, and artificial intelligence, earning $1 million, $500,000, and $250,000 prizes, plus special 5G lab access to develop their projects.


The million-dollar winner was Ario, developer of an AR safety and efficiency platform that lets workers “truly work from anywhere.” Ario plans to use 5G to improve image recognition and overall performance using enhanced network speeds.


Garou took second place with an ambitious VR project that represents the entire world as a 3D model, enabling users to collaboratively access content and enjoy social interactions within a highly complex virtual space. The company will use 5G to let users access VR content in real time and improve performance in shared multi-user settings.


LexSet won third place with a project that trains advanced computer vision AI systems using synthetic image data generated from 3D content. Unlike AI that’s trained on photographs or videos, LexSet’s technology parses entire realistic 3D scenes into bounding boxes, instance masks, normal maps, and depth maps that enable computer vision systems to truly learn what’s inside rooms, rather than guessing. The company plans to use Verizon 5G to innovate in edge computing-based mixed reality, inventory management, and robotics.


Source:

https://venturebeat.com/2020/01/29/ar-vr-and-ai-startups-win-verizons-1-million-built-on-5g-challenge/

Updated: Feb 3

NEW YORK – Verizon has named the winners of its “Built on 5G Challenge” launched in April 2019. The nationwide search that asked innovators to offer up their best and brightest 5G ideas received more than 550 submissions.



Three winners were chosen. And the winners are:


First Place: The $1 million winner is Ario. The company has developed an augmented reality (AR) productivity platform to increase workplace safety and efficiency. Ario will use Verizon 5G Ultra Wideband to improve the platform’s performance with advanced connectivity and improved image recognition. 

Second place: The $500,000 prize winner is GAROU. The company’s virtual reality (VR) content platform leverages a 3D model of the world as an interface for accessing content and for in-VR social interaction. The company will use Verizon 5G to improve VR technology in a multi-user setting and help users access content in real time.

Third place: The $250,000 prize winner is LexSet. The company generates synthetic image data from 3D content to train high-performance computer vision AI. The company will use Verizon 5G to enable advances in edge-based mixed reality, robotics, and inventory management.



“These innovators have come up with some really ground-breaking solutions that can only be fully realized with the fast speeds, massive bandwidth and super-low latency that Verizon 5G Ultra Wideband offers,” said Nicki Palmer, chief product development officer at Verizon. “By bringing these companies into our 5G Labs, where we collaborate with universities, startups and enterprises to co-create 5G concepts, we’re giving them access to all the tools they need to create truly transformational experiences that will reshape entire industries.”

Challenge winners’ concepts were judged on criteria including how their ideas could increase business efficiency, improve immersive experiences and/or solve customers’ most challenging problems. For an eight-week period, the winners will have access to Verizon 5G Ultra Wideband at Verizon’s 5G Labs and partner with Verizon 5G specialists to develop their concepts.

Learn more about Verizon 5G Labs and Verizon 5G technology.


Sources:

https://www.verizon.com/about/news/verizon-5g-challenge-winner-ario

https://www.barrons.com/articles/PR-CO-20200129-909015?tesla=y&tesla=y

https://www.marketwatch.com/press-release/verizon-built-on-5g-challenge-winner-ario-gets-1m-to-develop-5g-concept-2020-01-29?mod=mw_quote_news

https://venturebeat.com/2020/01/29/ar-vr-and-ai-startups-win-verizons-1-million-built-on-5g-challenge/

Updated: Jan 29

Ten finalists selected in Verizon's ''Built on 5G Challenge''

Finalists based on how their 5G idea could increase business efficiency, improve immersive experiences and/or solve their customers’ most challenging problems

The winning team will receive $1 million


25 teams pitched their ideas to a panel of Verizon judges earlier this month; the ten finalists are:

Enterprise

DigitalFilm Tree

InOrbit

Ario

Soul Machines

Loro

SVRF

Mobcrush

Garou


Technology

Reniac

LexSet


Source:

https://markets.businessinsider.com/news/stocks/ten-finalists-selected-in-verizon-s-built-on-5g-challenge-1028626569

https://www.nasdaq.com/press-release/ten-finalists-selected-in-verizons-built-on-5g-challenge-2019-10-24

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